Dear R&G Brenner Client,
I hope you and your family had a pleasant 2016 and we are looking forward to seeing you again soon. Like last year, we are letting our clients know about what surprises this tax year has in store for us. With the election over and a new incoming administration there is a lot of uncertainty swirling about. Here are some of the important tax changes & information we are aware of that may affect you:
EITC & Child Tax Credits Are Delayed
Yes, unfortunately you read this correctly. The IRS is not processing any refunds with the following tax forms until February 15th, 2017: The Earned Income Tax Credit, Additional Child Tax Credit & The American Opportunity Credit. If you normally file on or around 2/15, this should have little effect on you. However, if you file earlier, I urge you to plan accordingly for this delay & save additional funds if you depend on your tax refund for expenses. We are also expanding our Refund Advance Options to help R&G Brenner clients who may be affected by this (below).
Expanded Refund Advance Options
Because of the potential for refund delays, we are expanding our Refund Advance options this year. File before 2/15/17 & take advantage of R&G Brenner’s Early Bird Special and you can walk out with $100 CASH or $200 CASH if you qualified last year!Furthermore, you can apply for an additional $800-$1,250 Refund Advance through our bank provider. These are advances, not loans – No interest or additional bank fees apply! We hope these advances help, but please be aware that these are limited time offers.
Insurance Premiums Are Increasing Big Time
If you or members of your family did not have health insurance for 2016 be prepared to get hit with the largest penalty yet: $695 per Adult, $347 per Child or 2.5% of your income (whichever is greater). The maximum penalty per family is $2,085. Ouch, this is more than double the penalty for 2015. Even if you have health insurance already, it is worth checking what’s on the exchanges before you renew as premiums are expected to jump over 25% on average in 2017. And with the Affordable Care Act on the chopping block, expect even more confusion. If you’d like any assistance with health insurance, click here to speak with an RGB Health Rep.
$50 CASH per Referral is Back!
Last year we paid out almost $500,000 in CASH to clients just like you, and we are doing it again this year. For every new client you refer, you will get $50 CASH! Unfortunately, many clients did not know about this great promotion, so we are making it even easier: You can now conveniently refer your friends and family online; click here to start referring and earning cash. Remember: There is no limit to how many clients you can refer and as soon as your referral commits to filing with R&G Brenner, you will be notified via email to come pick up your cash. Taxes may never be fun, but they are rewarding with R&G Brenner.
If you’d like to discuss any tax related matter please contact us when you are ready. You can also schedule an appointment on the right side of this page. I wish you and your family a very happy new year and we hope to see you and your family in 2017.
Very Truly Yours,
Benjamin K. Brenner